46,323 Shares in Chimera Investment Co. (NYSE:CIM) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Chimera Investment Co. (NYSE:CIM) in the 4th quarter, Holdings Channel reports. The firm acquired 46,323 shares of the real estate investment trust’s stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its holdings in Chimera Investment by 301.6% in the 3rd quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock valued at $2,901,000 after purchasing an additional 137,655 shares during the period. Van ECK Associates Corp grew its position in Chimera Investment by 18.9% during the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock worth $10,746,000 after buying an additional 122,088 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Chimera Investment by 67.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock valued at $2,337,000 after acquiring an additional 59,380 shares during the period. Bank of New York Mellon Corp raised its holdings in Chimera Investment by 15.6% in the 4th quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock valued at $5,118,000 after acquiring an additional 49,388 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of Chimera Investment by 28.8% in the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust’s stock worth $2,673,000 after acquiring an additional 42,741 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Trading Down 6.1 %

Shares of CIM opened at $11.74 on Monday. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The stock has a market cap of $950.04 million, a PE ratio of 10.87 and a beta of 1.47. Chimera Investment Co. has a 1 year low of $11.29 and a 1 year high of $16.89. The stock has a 50 day simple moving average of $13.89 and a 200-day simple moving average of $14.57.

Chimera Investment (NYSE:CIM) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, sell-side analysts predict that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 annualized dividend and a yield of 12.61%. Chimera Investment’s dividend payout ratio is 137.04%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th.

Insiders Place Their Bets

In other Chimera Investment news, Director Gerard Creagh bought 12,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the purchase, the director now owns 138,127 shares in the company, valued at $1,838,470.37. This represents a 9.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.